New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-26
TAMMANY GOES A.FISHlNG.
AN OLD BAIT TO CATCH THE woRKINGMEN.
SHERRY GRANT AND BoURKE COCHRAN CARRY TO
ALBANY BILL TO TAX INCOMES OF CORPORA
TIONs-LFGIsIATIvR DOINGs

sHERIFP GRANT AND BOURKE COCHRAN CARRY IL
ALBANY BILL TO TAX INCOMES OF CORPORA
TIoNs-LEGIsLATIvR DoINGs
(BY TELEGRAPH TO THE TRIBUNE
| ALBANY. Jan. 25.-SheriG Grant ana Coheres'"'"
elect W. Bourke Cochran arrived here late 'ns a'
from New-York It is said that their mission Is 10 nav
introduced inthe Legislature several bills thattney n
would make political capital for Tammany han ahont
the workinglnen They apo nted commit'ee AZ
reeent meetng 10 prepare these BILLS The leaders OF i"
1 MANY are alarmed by the big vote given Tor henry
George by the rado-nnon organizations last iai anu "
resolved TO do everything they can 10 con'hoo 'ho WI
incmon with socalistio ideas that his truest friend
rammauy Hall One Of the bills brought here by sher
Grant and Mr. certainly is sufficiently sociastC
and hostile to capitalists and corporations to satisfy every
Henry George voter. The will be introduced 70
morrow by Assemblyman Ives and senator
Reilly OF Tammany Hall. succincty stated
the bill provides that every railroad
telephone electric light and company In the statt
shall pay into tie Treasury every dollar that II
receives OF the income per cent Of Its earnings
on actual cash Investment The first section of the
bill nearly all of the law that there Is In
and reveals the nature OF the bill II reads:
Horeaerit shall be the duty of he president or treas
urer of every corporation Joint STOCK company OF OF
this State. or hereafter incorporated by any
other state or county and doing business IN as bS
the laws Of this state to operate
wires or gas pipes or other mains who enjoy the right
to public property for their corporate purpo
or before the day Of December OF its operations IN
business for the period ending with the preceding som
day OF Septeber which report shall he veIled ny Tue
oath affirmation Of said president or treasurer anu
shall state
l. The amount Of cash actually invested.
The receipts from the operations and business during
such period. giving the sources thereof .
3, The expenses of construction paid during such
The expenses of the operations and business during
g. The net profit Of such operations in business
6. Interest paid:
g. The excess Of net earnings over and above the
penses the operations Of business after paying interest
and paving per cent per annum dividends on the cash
In ali cases when any stock corporation Joint stock
or ennr shall "a o a so pay any
when the dividend paid shah amount to less than ten
per cent per the cash actually invested SAID
president thereof after being duly sworn or
affirmed to do and perform The same with adeiy accor-
The list and the goth day OF December in each
year estimate and apprase the cash actually invested
period ending with the preceding 30h OF September
and tho of such net EARNING: over per cent on
When the same shall have been 50 estimated and APP
praised they shall forward to the Controller report
thereof. with their oath or affirmation.
Every corporation Joint stock company or association
herenbefore referred to shall be subject to and shall pay
as tax the Treasury OF the state annually such ex-
earnings 10 on the amount OF cash
actually invested In said company IL the Controller IA
not satisfied with the report made Aforesaid or II no
report made the matter hereby required To be re-
ported ne is hereby authorized and empowered 10 make
valuation thereof and to settle amount on the vaua-
ton so made by him for tax due the state.
Section 10 says the assessed by this act
are in addition the already existing. and with
the other provisions OF this enacted to compel
such companies to bear more equitable share Of the
burdens which rest too heavily the citizens en-
gaced In industrial and agricultural pursuits and the
visions OF this act shall be literally construed to carry
ont that intention"
section 10 would bring large income TO New-Iork
city IL the bill becomes "A law. IL says:
Where the works operations Of company referred
10 in this act are limited To one city me controller shall
the amount collected from such company By the tax I'M
posed III TINS act
Assemblyuan Ives win also Introduce tomorrow hill
companies providing that their may lac reduced to
- month for the use Of their instruments where their
speaker Hustled introduced hill to-day which will put
the examination OF persons seeking license to teach into
the hands Of the superintendent OF Public Instruction
The speaker has appointed the members of the
COMM investigate the coalheavers strike Assem-
hlynen Hogehoom. Ainsworth. kinball. Martin and
Collins As the members Of The Committee on the Con
stitutional Convention hill he has appointed Assembly
men Arnold. Erwin. Hamilton, Plat Brundage shee-
han. Cantor, Graham ana Lohgiey 800
Asscinrl, man Henry introduced bin to-day
duct Commissioners OF Ncw-frk IL authorizes them
purchase additional real estate in Putnam County and
ESPECIALLY compensate railroad company whose
property may be damaged by the construction OF the
aGueduct. speaker Hustled states That the Aqueluot
commissioners desire to construct new waterway to
bring water o the new CToion aqucdnct and tha lhcy
will have 10 cross the track OF the NcwNOrk and New
England Railroad and Of the Northern ilway. The
waterway is 10 from sodom In Putnam County TO
either BOyds Corners to MuscOot River.
The Assembly Judiciary Commute heard mn
argument to-day from David dudley Field
in support his civil code. and from James G. Carter IN
opposition TO the bill
Ex-AsserHbly man James Oliver asked tho members OF
the committee defer action The Iden Trust bli I'M
Ill the heirs Of Samuel j. Iilden appear before the
committee Mr. Baker said In behalf OF the committee
thai they would take this petition under consideration
aud act upon II before the next meeting.
Assembyman LaDgbeiu has introduced bill providing
that an indictment be found In all feOncs except
murder within least years after the commission OF
the offence Especial reference IS made In objections 10
the BILL the Of Jaehne and McQuade. such
1t is said, might escape imprisonment II the bill should DO
enacted into law,